Finning International Inc.
TSX : FTT

Finning International Inc.

August 24, 2005 09:00 ET

Finning Announces C$56 Million Equipment Sale to UK Coal Producer

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2005) - Finning International Inc. ("Finning") (TSX:FTT) announced today that its UK division has secured the sale of 83 pieces of Caterpillar equipment to ATH Resources plc, one of the UK's largest coal producers.

The equipment package, valued at approximately C$56 million, consists of 29 CAT 777 dump trucks, 17 coaling excavators, 17 coal loading shovels, 11 D9 bulldozers and other CAT equipment. The equipment will replace some of the company's existing fleet and provide new equipment for the mines recently acquired by ATH Resources. The equipment will be delivered over the next 18 months.

"Finning's customer support services to the mining industry are among the best in the world. When it comes to mining, the combination of Caterpillar equipment and Finning service is a recipe for success for our customers that has been proven over and over again," said Doug Whitehead, president and CEO of Finning. "We are very pleased to have the opportunity to work with ATH Resources in the U.K. to provide them with the same high level of service as our mining customers in Western Canada and South America."

Neil Dickinson, managing director of Finning (UK) Limited, said: "We are extremely pleased to be selected as the equipment supplier to ATH Resources. CAT products are highly regarded in the mining sector and we look forward to an excellent partnership as we support the products to deliver maximum availability."

Finning International Inc. is one of the world's largest Caterpillar equipment dealers. The Company sells, rents, finances and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Finning also owns Hewden, the largest equipment rental business in Europe. Headquartered in Vancouver, British Columbia, Canada, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange (symbol FTT).

This release may contain forward-looking statements and information, which reflect the current view of Finning International Inc. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and Finning's actual results of operations could differ materially from historical results or current expectations. Finning assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize.

Refer to Finning's annual report, management information circular, annual information form and other filings with the Ontario Securities Commission and Toronto Stock Exchange for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements contained in this report.


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